India will be world's 3rd largest economy by 2050:US

India
November 21, 2009 10:50am CST
Yes it can be true. It is not a joke. India definitely would become one of the three largest economies by 2050. Given its present GDP growth rate of 6.19% India will grow most rapidly among the G-20 nations and by 2050 it will be 97% as large as the US economy in terms of Purchasing Power Parity. India's GDP is expected to increase 16 times from 1.1 trillion $ to 17.6 trillion $.
5 responses
diamania
@diamania (7011)
• Netherlands
21 Nov 09
That's cool. But I hope India won't be a country in which only 1% owns 90% of all the money in the country, as your country can be rich but if the inhabitants don't profit from it then what use does it have?
mpkool
@mpkool (84)
• India
21 Nov 09
hey but the situation would be pretty similar, if not 90%, atleast 70% would be own by top 1%.
diamania
@diamania (7011)
• Netherlands
21 Nov 09
The 20 percent makes a difference. But I just hope for the Indians they'll get better times than before.
mpkool
@mpkool (84)
• India
21 Nov 09
yup we are certainly raised our standard of living over the past 20 years but still one third population is below poverty line
besthope44
@besthope44 (12123)
• India
20 Aug 10
True India will reach the top in economy.
vinslounge
@vinslounge (1295)
• India
21 Nov 09
You really cannot predict the thing that is going to happen in 2050 and it would be wise if we discuss about the things that is going to happen in the near future. May be the maximum prediction at this point of time could be only upto 2020 and nothing more than that. According to me, even in 2020 US may be the leading economy in the country and China may give a very good competition for US. Although I am an Indian and proud about my country, but I would still say that China has a better economy than us as of now and that is the truth.
brandsman86
@brandsman86 (37)
• India
22 Nov 09
Hey.. that was a reall gud optimistic approach. But it all depends how we project ourselves and how the goverment regulates the country. Currently the factor called population ruins the country. Its time to start thinking on the same and put a curb on ruining factors for the development.
mpkool
@mpkool (84)
• India
21 Nov 09
hey can you tell me what PPP and GDP means?? And I have heard people predicting India's economy to be no.1 by 2050. Infact at present, Indian economy is 3rd I suppose